Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Revealed
India's Third Giant Leap

This Could be One of the Biggest Opportunities for Investors




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

The selloff continues...
Tue, 10 Mar 03:30 pm

Indian markets are trading with a negative bias as yesterday's sell-off continued. BSE-Sensex and NSE-Nifty are down 0.7% each and are trading with losses of 200 points and 70 points respectively. S&P BSE Midcap and S&P BSE Smallcap turned in red and are trading with 0.6% and 0.5% losses. In the second half of the trading session banking sector witnessed maximum losses. Commodities are also trading in the red. Gold fell about 0.8% and is trading at Rs 25,800 (per 10 grams) levels while silver prices per kilogram fell about 0.7% and is trading with a loss of Rs 35,640. Crude oil prices fell about 1% and is trading at Rs 3,133 per barrel. Indian Rupee eroded its early gains and is trading marginally stronger by 0.11% or 0.07 at Rs 62.62 against the US Dollar.

European markets have opened and are currently trading with moderate losses. Fresh woes over Greece crisis has weighed over the European equity markets. DAX and FTSE are trading with 0.4% and 0.3% losses, respectively.

According to the reports disclosed by Society of Indian Automobile Manufacturers (SIAM) motorcycles volumes for the month of February fell nearly 8.2% to 774,122 units compared to 843,436 units that were sold in the previous year same period. For the month of February, domestic car sales increased 6.85% to 171,727 units compared to 160,717 units that were sold same period, last year in 2014. The automobile sector continue to trade marginally in the green. Major auto companies such as Maruti Suzuki and Tata Motors continue to trade in the red, however, TVS Motors gained over 1% following such news.

Shares of the realty stocks were trading weak with DLF and Prestige Estate leading the pack of losers. Ashoka Buildcon tanked over 6% after the company said it will purchase the remaining controlling stake in the Madhya Pradesh's Jaora Nayagaon Toll Project. In an attempt to have a strong footing, the company plans to purchase 36% stake from companies like SREI Infra and IFCI. Currently, the company has an ownership of 37.7% over the toll project. Ashoka Buildcon plans to purchase the controlling stake for Rs 9 bn. According to leading financial sources, the company will also raise capital of Rs 7 billion via Qualified Institutional Placement route. The capital will be utilized as investments in different projects.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "The selloff continues...". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.